Dorian LPG Ltd (LPG)
Debt-to-capital ratio
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,046,110 | 1,068,510 | 1,088,250 | 1,119,860 | 1,023,530 | 984,058 | 923,309 | 844,349 | 873,846 | 837,327 | 825,369 | 844,349 | 920,151 | 924,191 | 906,949 | 938,548 | 946,825 | 1,015,770 | 989,591 | 989,953 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,046,110K)
= 0.00
The debt-to-capital ratio of Dorian LPG Ltd has consistently been reported as 0.00 from June 30, 2020, to March 31, 2025. This indicates that the company's total debt is relatively low compared to its total capital, which includes both debt and equity. A debt-to-capital ratio of 0.00 suggests that the company has either no debt or a negligible amount of debt relative to its total capital, signaling a strong financial position with less reliance on borrowed funds to finance its operations. This low debt-to-capital ratio may reflect a conservative financial strategy that minimizes financial risk and provides the company with more financial flexibility for potential growth opportunities or economic downturns.